Institutional Smart Money? This Whale May Have Just Locked In $36M in ETH Profits

The wallet known for buying low and selling high on $WBTC—with a past profit of $14.26M—is now suspected of selling 38,582 ETH over the past week, worth around $138M. If sold, this move could have netted a profit of $36.57M.

Based on consistent large-scale, well-timed trades, this address is likely linked to an institution. Since the start of the year, it has withdrawn 77,700 ETH from Kraken—worth $202M—at an average cost of $2,600 per ETH.

Currently, the wallet still holds 25,054 ETH on-chain, much of it parked in Aave.

Address: 0x3c9Ea5C4Fec2A77E23Dd82539f4414266Fe8f757